This bill amends existing New Jersey law to exempt the recording of deeds for preserved farmland from the realty transfer fee when the buyer is a qualified beginning farmer. Specifically, it adds a new exemption for deeds conveying preserved farmland to individuals who possess a written certification from the Department of Agriculture, indicating their status as a beginning farmer. The bill also establishes a process for the Department of Agriculture to issue this certification, which will include eligibility criteria and necessary documentation. A fee of up to $100 may be charged for the certification request.

The intent of this legislation is to encourage new farmers to enter the agricultural sector by removing financial barriers associated with purchasing preserved farmland. This initiative aligns with New Jersey's commitment to farmland preservation and aims to address the aging farmer demographic, as the average age of farmers in the state is currently 59.7 years. By facilitating access to farmland for new entrants, the bill seeks to promote the sustainability of farming in New Jersey and ensure the continuation of agricultural practices in the state.

Statutes affected:
Introduced: 46:15-10